Treasury Secretary Timothy Geithner testified before the House Financial Services Committee on Thursday and addressed the Occupy Wall Street protests that began in New York and have been spreading across the country.
Asked about what he would say to the protesters, Geithner told the committee that he recognizes Americans’ “deep sense of concern” about the state of the economy and urged Congress to move on rebuilding the economy.
“We all need to do a better job of demonstrating that the responsible bodies in the United States, and for the economy today that requires Congress, are able to act to do more things to get the economy stronger today,” he said.
The committee chairman, Rep. Spencer Bachus (R-Ala.), said he agreed with some of the secretary’s comments on the protests but said the anger should not be focused on corporations.
“The demonstrators probably ought to be demonstrating in front of Congress and the White House and the secretary over at Treasury. Maybe they misdirected their protest at the wrong city,” Bachus said.
“Well I didn’t imply that,” Geithner replied jokingly.
The Hill’s On The Money blog sums up the Treasury secretary’s Thursday testimony before lawmakers on Capitol Hill.